Apple has committed $500 million to buying recycled rare earth magnets from MP Materials, a mining company with a major manufacturing hub in far north Fort Worth.

MP Materials is a US producer that just last week secured backing from the Pentagon, and will now be working with the biggest name in consumer technology.

Apple has committed to investing hundreds of millions of dollars with a company that manufactures rare earth magnets in Fort Worth. The $500 million, five-year agreement means Cupertino, California-based Apple will buy rare earth magnets from MP Materials,